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Featured Galleries CLICK HERE to View the Video Presentation of the Opening of the "Holodomor Through the Eyes of Ukrainian Artists" Exhibition in Wash, D.C. Nov-Dec 2021 USUBC COLLECTION OF OVER 160 UKRAINE HISTORIC NEWS PHOTOGRAPHS 1918-1997 "HOLODOMOR 1932-33: THROUGH THE EYES OF UKRAINIAN ARTISTS" - COLLECTION OF POSTERS AND PAINTINGS USUBC COLLECTION OF HISTORIC PHOTOGRAPHS ABOUT LIFE AND CAREER OF IGOR SIKORSKY PHOTOGRAPHS - INVENTOR OF THE HELICOPTER Ten USUBC Historic Full Page Ads in the Kyiv Post
Ukraine is Set to Introduce Additional Import Duties
Asters, Kyiv, Ukraine,
Fri, Dec 26, 2014
On 25 December 2014 the Parliament of Ukraine passed in the first reading draft Law “On Stabilization of the Balance of Payments according to Article XII of the GATT 1994".
The draft introduces a temporary – for 12 months starting 1 January 2015 – additional import duties on a number of imported goods:
- 10% – for the goods’ of groups 1-14 of the Ukrainian UKTZED nomenclature (which substantively corresponds to the HS Classification);
- 5% – for UKTZED groups 25-97; and
- 10% – for all goods imported by individuals.
These additional import duties will not apply to strategically important products such as fuel, gas, electricity, etc.
The draft law is aimed at reacting to the negative balance of payments, significant reduction of the National Bank reserves and the need to increase revenues of the State Budget of Ukraine.
We continue monitoring the progress of this draft law and will follow up upon on any further developments.